Once a great deliberative body, the Senate is now known for deadlock, dysfunction and political games. Will Tuesday’s election help? Steve Kroft reports. Here is a direct link.
Follow
____________________________
Cory’s Chart Corner
Once a great deliberative body, the Senate is now known for deadlock, dysfunction and political games. Will Tuesday’s election help? Steve Kroft reports. Here is a direct link.
Cory’s Chart Corner
;
Why can’t the US Congress agree, because the solution to their major problem is hard. Like every individual who has too much debt they have to spend less and save more (no-brainer!). But as the debts mount they get farther and farther apart because each side needs to sacrifice more and more to reach a solution. So you have an irreconcilable stand off and you wait for the other guy to make the first mistake. For this reason they may actually go over the fiscal cliff because neither side will need to compromise and each side will get some of what they want. The Republicans will get spending cuts and the Democrats will get higher taxes but neither side will be to blame.
One William S. Lind calls the US political system dysfunctional. He has one name for both the Democratic and the Republican party combined: “The Establishment Party”. And the Establishment party continues to play political games as long as the money keeps flowing into the state revenue coffers. Or US interest rates don’t rise too much.
The election may help since the Rs no longer have as great a need to make the Ds look bad – it’s too late for that now – the Rs lost.
The best option at this point is to go over the fiscal slight slope that some call a “cliff”. It’s the only way we will get ANY cuts in spending, and slight increases in taxes will give the people some temporary hope that the goobermint might stop the death spiral of deficit spending.
The hope will be temporary because bottom line is that the politicians are not going to get their stuff in a pile: http://www.americanthinker.com/2010/06/worse_than_a_depression.html
Our fate is sealed. No way out.
John Boehner wanted to make efforts to reduce the deficits but he wasn’t able to get the Republicans behind his plan. And was therefore forced to do nothing.